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Dollar General 151 Iowa Highway 21 9,100 SF Retail Building Dysart, IA 52224 $1,186,000 ($130.33/SF) 6.75% Cap Rate
Investment Highlights
- SINGLE TENANT DOLLAR GENERAL LOCATION: 9,100-SF on a large 2.00 acre lot with 25 parking spaces.
- RENTAL INCREASES IN EACH OPTION: 10% rental increases in each of four, 5-year renewal options.
- FEE SIMPLE OWNERSHIP: Provides the buyer with the highest form of real estate ownership and absolute control over the asset.
- TRIPLE NET LEASE: 2022 construction with over 10 years remaining on the original NNN lease. No landlord responsibilities.
- CORPORATE GUARANTEE: Lease is guaranteed by Dollar General, with over 20,000 locations across 48 states
- HIGH VISIBILITY LOCATION: Property features Lighted pylon sign and easy access from both traffic directions. Adjacent to Casey’s gas station
Executive Summary
Triple Net Lease | Limited Competition in Area
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
9,100 SF
Building Class
B
Year Built
2022
Price
$1,186,000
Price Per SF
$130.33
Cap Rate
6.75%
NOI
$79,996
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.00 AC
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 08.13.426.015 | Improvements Assessment | $989,590 |
| Land Assessment | $50,000 | Total Assessment | $1,039,590 |
Property Taxes
Parcel Number
08.13.426.015
Land Assessment
$50,000
Improvements Assessment
$989,590
Total Assessment
$1,039,590
Contacts
-
Dante Moretti -
Darpan Patel -
Dan Yozwiak -
Paige Bucheit -
Sam Elyassaki -
Peter Sibicky -
Jon Ruzicka -
Marcus & Millichap
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Dollar General | 151 Iowa Highway 21
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